This release corrects and updates references to advisory companies and their role in the private placement.
B. Riley Securities acted as placement agent for the offering, which comes as Vertical Data is actively pursuing an uplisting to a national stock exchange in the near future
LAS VEGAS, NV / ACCESS Newswire / November 6, 2026 / Vertical Data Inc. (OTCQB:VDTA) (“Vertical Data” or the “Company”) today announced the closing of an approximately $4.24 million private placement of common stock at $3.00 per share for an aggregate of 1,413,640 shares.
Goldman Sachs & Co. LLC is acting as exclusive capital markets advisor to Vertical Data. B. Riley Securities acted as placement agent in connection with the private placement.
“We believe a disciplined approach to capital formation is fundamental to building long-term shareholder value,” said Chairman and CEO Deven Soni. “By structuring this offering as a straightforward sale of common stock we are maintaining the simplicity and transparency that guides our financing strategy across our platform. We are also actively pursuing an uplisting to a national stock exchange as part of our broader strategy to support Vertical Data’s continued growth and expansion.”
In connection with the offering, Vertical Data Chairman and CEO Deven Soni bought $500,000 with other insiders purchasing another approximately $500,000 for a total of $1 million, representing approximately 24% of the total proceeds coming from insiders. B. Riley Securities, the placement agent, also participated for $1,000,000. B. Riley Securities participated in a prior offering for $1,175,000 (including principals and employees), which when combined with this offering amounts to a total of $2,175,000.
The shares were offered and sold to accredited investors and to persons outside the United States in reliance on the exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Company is required to file a registration statement with the U.S. Securities and Exchange Commission covering the resale of the shares within 30 days of the closing.
The securities described above have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.
